Has the Recession changed you?

[LuvOrlando]

Even though this is a pretty small sample this is still pretty interesting to me. No-one seems to be spending more, despite the price reductions. Just under 5% are unable to change, around 30% have no desire to change but conversely, nearly 65% have made changes leaning in a more fiscally conservative direction.

I wonder if Congress took our likely behaviors into account before making their choices regarding the stimulus? IF many of us are not in the mood for using credit to buy, then how is putting money into freeing up credit going to spur us into anything?

Is this Supply side Economics rearing it's head again I really hope not, but it does sorta look that way now that the Stimulus is set in stone, at least it looks that way to me.

 

[Colleen27]

Even though this is a pretty small sample this is still pretty interesting to me. No-one seems to be spending more, despite the price reductions. Just under 5% are unable to change, around 30% have no desire to change but conversely, nearly 65% have made changes leaning in a more fiscally conservative direction.

I wonder if Congress took our likely behaviors into account before making their choices regarding the stimulus? IF many of us are not in the mood for using credit to buy, then how is putting money into freeing up credit going to spur us into anything?

Is this Supply side Economics rearing it's head again

I don't think the small sample here is really likely to reflect the issues that the credit cruch have caused. Home lending and lending to businesses are both at a standstill, but that's not likely to come up in a conversation about personal consumer spending.

If the mortgage market eases even a little we'll see some real improvement as those who are in stable employment situations start to take advantage of the ridiculous deals that are out there in real estate. Right now, though, unless you're a cash buyer or have exceptional credit, forget it.